Exercise of Warrants

RNS Number : 5583Q

Westminster Group PLC

15 October 2013

 



15 October 2013

Westminster Group Plc:

Exercise of Darwin Warrants

Westminster Group Plc ('Westminster' or 'the Company'), the AIM listed supplier of advanced security and defence equipment, services and solutions worldwide announces an exercise of warrants and conversion into ordinary shares.

The Company has been informed that under the terms of the agreement with Darwin Strategic Limited ("Darwin") which was announced on 18 April 2013, and further to the grant of warrants arising from that agreement which was announced on 10 October 2013, that Darwin has exercised the following warrants;

·     120,000 with an exercise price of 50 pence

·     3,600 with an exercise price of 43.7 pence

Consequently 123,600 ordinary shares ("New Shares") of 10 pence each will be issued and the Company has received subscription proceeds of £61,573.

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. It is expected that the admission will become effective and that trading in the New Shares will commence on or around 21 October 2013 ("Admission").

Total Voting Rights

Following Admission of the 123,600 New Shares, the Company's enlarged issued share capital will comprise of 45,278,105 ordinary shares with voting rights. This figure of 45,278,105 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Westminster Group plc	Tel: [phone]
Peter Fowler (Chief Executive)
Ian Selby (Chief Financial Officer)
S. P. Angel Corporate Finance LLP (NOMAD + Broker)	Tel: [phone]
Stuart Gledhill/Katy Birkin
Winningtons Financial (Financial PR)	Tel: [phone]
Tom Cooper/Paul Vann	0797 122 1972

Notes:

Westminster Group plc is a leader in the supply of system solutions and products to the security, defence and safety markets worldwide.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manned services, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations.  For further information please visit www.wi-ltd.com

 

END

 

 

IOEFMMMGZKKGFZM